Such sentiment led to higher US inflation and interest rate expectation, hence, the overnight US dollar and bond yield gains. In Malaysia today, the KLCI rose 9.3 points or 0.6% at 9:05am to 1,697.80 points. Earlier the index opened 11.8 points higher at 1,700.30 points. "The market loves the idea of tax reform," Reuters quoted Melbourne-based IG chief market strategist Chris Weston as saying in a note. Across Bursa Malaysia, 146.32 million shares worth RM69.99 million were traded.

Source: The Edge Markets February 10, 2017 01:30 UTC